30pc raise in salaries; up to 20% hike in pensions, allocates Rs1bn for Journalist Welfare Endowment fund
Furthermore, to alleviate the financial burden on the people of Punjab, an allocation of Rs70 billion has been approved for a four-month period.
In an effort to boost the construction industry, the rate of stamp duty has been fixed at a modest one percent.
In recognition of the importance of agriculture, a substantial budget of Rs47.60 billion has been allocated. While the proposal to increase the rate of stamp duty to 3% has been rejected, aiming to maintain a balanced approach that supports economic recovery while not overburdening the public.
The government also set an ambitious target of completing 50% of ongoing development projects in Punjab during the first four months of the new fiscal year.
The budget for health and education also witnessed a 31% increase for the four-month period.
To make a closed power plant operational since 2017, an allocation of 16 billion rupees has been made.
